£697,405
This estimated value is based upon the latest sale price for the house of £525,000 on 30 Sep 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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187c Southborough Lane, Bromley, BR2 8AR
Phone: 02030074690
| Price Paid | Date |
|---|---|
| £525,000 | 30 Sep 2016 |
| Detached |
| Freehold |
| Floor Area: 104 sq meters or 1,119 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER LONDON to estimate the market value.
When this house was purchased in September 2016 the House Price Index for GREATER LONDON was 111.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.839%.Applying this 32.839% change to the original purchase price of £525,000 results in an estimated price of approximately £697,405.
| 30 Sep 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 148.6 | 32.839 % | £525,000 | £172,405 | £697,405 |
The Postcode Pricing Model uses changes in average sales price within the BR2 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 115.057 % | £604,048 | £1,129,048 |
| 3 Month Average | 22.747 % | £119,421 | £644,421 |
| 6 Month Average | 14.575 % | £76,516 | £601,516 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Sep 2023 | £344,404 | £340,000 | 218 SOUTHBOROUGH LANE |
| 4 Jul 2023 | £304,093 | £300,000 | 204 SOUTHBOROUGH LANE |
| 19 Jun 2023 | £384,659 | £380,000 | 2A MAGPIE HALL LANE |
| 13 Jun 2022 | £142,007 | £140,000 | FLAT 12 SOVEREIGN COURT, 16 MAGPIE HALL LANE |
| 1 Jun 2022 | £233,297 | £230,000 | FLAT 2 SOVEREIGN COURT, 16 MAGPIE HALL LANE |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 26 May 2016. Using an estimated price of £697,405 means this house is valued at £6,705 per sq meter (£622 per sq foot).
The average size of a house on MAGPIE HALL LANE is 76 sq meters (818 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Stiles Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Stiles Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Stiles Close |
| Jan 2024 | Vehicle crime | Under investigation | On or near Stiles Close |
| Feb 2024 | Drugs | Under investigation | On or near Ruskin Walk |